Deal
IBM falls on weak consulting sales, overshadowing HashiCorp deal
INTERNATIONAL Business Machines (IBM) dropped about 9 per cent in extended trading after the company’s weak consulting unit sales disappointed investors, overshadowing its acquisition of software firm HashiCorp.First-quarter sales...
Citigroup sells maple bonds in first sizable deal since 2015
CITIGROUP sold a large debt offering in the Canadian-dollar bond market for the first time in nearly a decade as US banks seek to diversify funding after reporting earnings....
Sony deal for Paramount would draw added regulatory scrutiny
A DEAL to buy Paramount Global that includes Japan’s Sony would be expected to draw scrutiny from US regulators who vet media purchases by foreign buyers, as well as...
Google Fires 28 Employees Involved in Sit-In Protest Protest at New York and California Offices Over $1.2 Billion Israel Deal
Google has fired 28 employees for participating in a 10-hour sit-in at the company's offices in New York and Sunnyvale, California, to protest Google's business connections with the Israeli...
Concord to buy Hipgnosis in US$1.4 billion deal
CONCORD, a music rights investor, has agreed to buy Hipgnosis Songs Fund in a deal that values the song catalogue company at about US$1.4 billion. The bidders have offered Hipgnosis...
Microsoft-OpenAI deal set to dodge formal EU merger probe: sources
EUROPEAN Union antitrust regulators have concluded that Microsoft’s US$13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday (Apr 17), signalling the...
Bitcoin ‘halving’ will deal a US$10 billion blow to crypto miners
FOR enthusiasts of Bitcoin, a once-every-four-years software update called the “halving” has long been held as one of the keys to propping up its value.This time around, it is...
Lionsgate Studio raises PIPE amount to US$225 million ahead of closing SPAC deal
LIONSGATE Studio raised its private investment in public equity (PIPE) amount to US$225 million ahead of its merger with Screaming Eagle Acquisition, the special purpose-acquisition company (SPAC) firm disclosed...
